OLX, a digital consumer-to-consumer marketplace, has announced the launch of OLX Autos, its franchisee model for buying and selling pre-owned cars. The company says that the move is aimed at formalising the country’s used car market, 80 percent of which is currently unorganised.
- Independent, second-hand car dealerships can become part of OLX Autos network.
- Retail chain to be launched in Delhi, Mumbai, Kolkata, Chennai and a few other cities to begin with.
- Cars on sale to be certified through a “stringent inspection process”.
What is OLX Autos and how does it work?
OLX already operates online classifieds for used cars. The OLX Autos network is intended to serve as an offline extension to the digital marketplace. Independent, second-hand car dealers can become a part of the physical retail chain, essentially providing a network of ‘OLX Autos’ branded…